LINOS AG maintains revenue and earnings forecast for 2008 in spite of market weakness
Economic slowdown in target markets depresses revenue and earnings development in the first six months - revenue growth expected in the second half of the year - further increase in order intake
The operating profit (EBIT) was 35.7 per cent lower than in the same period the previous year (EUR 5.8 million) in the first six months of 2008 at EUR 3.7 million. Earnings in the first half of the year were depressed by the same extraordinary expenses of EUR 0.5 million in connection with the takeover by Optco Akquisitions GmbH as in the corresponding period the previous year.
The company increased order intake by 8.1 per cent to EUR 44.4 million in the period under review (first half of the previous year: EUR 41.1 million).
Total orders on hand on June 30, 2008 were EUR 70.4 million - an increase of 9.8 per cent over the same date in the previous year (EUR 64.1 million).
An increase in revenue is planned for the second half of 2008. The Executive Board is also carrying out an intensive cost management programme. It is therefore maintaining its forecast that LINOS will generate revenue of about EUR 98 million and an operating profit (EBIT) of between EUR 10 and 11 million in the 2008 fiscal year. Extraordinary expenses due to the takeover by Optco Akquisitions GmbH are not taken into account here.
There are risks with particular respect to further developments in the semiconductor industry and to the general economic environment in view of the financial crisis and the increases in personnel, energy and raw material costs.
The complete report on the first half of the year can be downloaded from
LINOS AG is a manufacturer of sophisticated optical systems that operates all over the world. In line with the corporate principle "Photonics for Innovation", LINOS is a development partner and supplier for customers in such growth markets as lasers, optical metrology, medicine, biotechnology and semiconductors. The company is listed in the General Standard index at Frankfurt Stock Exchange and joined the Qioptiq Group, which is an international leader in the design and production of high-precision optical components and modules for military and commercial applications, in June 2007. LINOS has about 800 highly qualified staff at the locations in Göttingen, Munich, Regen and Warsaw and generated revenue of EUR 94 million in 2007. www.linos.de.